- The oil spill in the Gulf of Mexico has so far cost BP a total of $3.12bn (£2bn), the company has said.
- Normal life has been disrupted in many parts of India because of a strike called by opposition parties against fuel price rises.
- The result of stress tests carried out to show if Europe's banks can cope with more economic shocks will be published later this month.
- Nearly $2bn (£1.3bn) in loan guarantees will be given to two companies to kick-start the US solar energy industry, President Barack Obama has announced.
- The billionaire investor Warren Buffett has donated $1.6bn (£1.05bn; 1.5bn euros) to the charitable foundation created by Microsoft founder Bill Gates and his wife Melinda.
- The BBC's director general Mark Thompson has said overhauling the corporation's pension scheme is "by far the toughest thing we have had to do in recent years".
- There were about 125,000 US jobs lost in June, the Labor Department has said, the first time jobs were shed on a month-on-month basis since October.
- Apple says a fault on its new iPhone 4 is causing it to incorrectly display the phone's signal.
- Officials from Iceland, the Netherlands and the UK have held two days of talks in Iceland's capital Reykjavik over the settlement of a £2.3bn banking dispute.
BBC Business News 5th July 2010
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